Trading Update

RNS Number : 0734C

Solid State PLC

26 April 2012

 



26 April 2012

Solid State plc

("Solid State" or the "Company")

Trading Update

The Board of Solid State plc (AIM: SSP), the AIM listed supplier of industrial/ruggedised computers, specialist electronic components and battery power solutions to the electronics market, is pleased to provide a pre close trading update ahead of the announcement of its full year results to 31 March 2012, which will be announced in the week commencing 18 June 2012. 

Sales are expected to be in line with market expectations however pre tax profits are expected to be ahead of expectations due to the sales mix being weighted towards higher margin products in the last two months of the financial year.  The pre tax profit for the year is now expected to be in the region of £1.6m.  Order intake remains strong with the order book at 31 March 2012 standing at £10.5m.

The Board intends to continue its progressive dividend policy and will be recommending a final dividend in its preliminary announcement for approval at the Annual General Meeting.

For further information please contact:

Solid State plc	01892 839 313
Gary Marsh - Chief Executive	[e-mail]
WH Ireland (Nominated Adviser)	0117 945 3470
Mike Coe/Marc Davies
Winningtons (Financial PR)	020 3176 4722
Tom Cooper/Paul Vann	0797 122 1972
	[e-mail]

Notes to Editors:

Solid State plc (SSP) is a leading value added group of companies providing specialist distribution, design-in and manufacturing services to those acquiring industrial/rugged computing products, battery power solutions and electronic components for use in harsh environments. 

Serving niche markets in oil & gas production, medical, construction, security, military and field maintenance, Solid State acts as both a distributor to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

Headquartered in Paddock Wood in Kent, Solid State employs over 100 staff across four sites.  Solid State operates through two main divisions: Solid State Supplies and Steatite.

Solid State was established in 1971 and admitted to AIM in June 1996.

 

END

 

 

TSTEASLSAEPAEFF